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Grupa Kapitałowa Grupa Azoty
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Following the publication of its 2030 development strategy, Grupa Azoty is moving to the next stage: a share issuance. The purpose of issuing new shares is to strengthen the Company’s capital base and secure a flexible, diversified source of financing. All proceeds will be allocated to investments supporting the development and modernisation of key business areas, in line with the adopted strategic assumptions.
The recapitalisation is planned in two stages. In the first stage, Grupa Azoty intends to issue 33.7 million shares, with pre-emptive rights excluded, directed to the State Treasury. The estimated value of this issuance is approximately PLN 600 million. Following the transaction, the State Treasury’s shareholding will not exceed 50%.
The second stage provides for a potential issuance (or several issuances), also with pre-emptive rights excluded, of up to 40.5 million shares, directed to market investors and the State Treasury. This transaction would be carried out through a private placement, without the requirement to publish a prospectus. After the completion of the second stage, the State Treasury’s shareholding in the increased share capital will likewise not exceed 50%.
Implementation of the recapitalisation requires approval from shareholders, who will vote on the issuance resolutions at an Extraordinary General Meeting scheduled for 13 February 2026. Launching the process requires the support of at least four-fifths of the votes.
‘Following the Strategy published in early November, the next step for Grupa Azoty is a share issuance. This is how we plan to rebuild and strengthen the Company’s capital structure and secure funding for investment projects across the Group, supporting execution of our strategic objectives in key segments: fertilizers, logistics and advanced chemistry,’ comments Andrzej Skolmowski, President of the Management Board of Grupa Azoty. ‘We are counting on active participation from our shareholders at the General Meeting, as their support and trust are essential for delivering the Strategy and strengthening Grupa Azoty’s market position. Together, we can lay a solid foundation for the Company’s long-term value creation,’ adds President Skolmowski.
Proceeds from the issuance will enable the fertilizer segment to enhance the reliability and efficiency of core plants, optimise utilisation of production capacity in line with market needs, reduce operational risks and unplanned downtime, strengthen technological safety, and generate cost savings.
In advanced chemistry, financing will support the development of plastics, pigments and sulphuric acid operations. In the logistics segment, funds will be allocated to modernisation, efficiency improvements and expanding transshipment capacity, as well as strengthening rail logistics capabilities. The ammoniacal hub project will be financed in part from these resources.
The proceeds will also support projects that significantly reduce Grupa Azoty’s emissions and carbon footprint, fully aligned with its strategic objectives.